2014.11.06

On October 28, 2014, "Hong Kong Outstanding Enterprises Parade 2014," organized by the Hong Kong leading financial magazine "Economic Digest," was held at the Conrad Hong Kong, Admiralty. Times Property Holdings Ltd. (stock code: 1233.HK), which was listed in less than a year, stood out from countless Hong Kong listed companies, winning the honor "Hong Kong Outstanding Enterprises 2014."

Times Property wins an honor in Hong Kong in its first year of listing

"Hong Kong Outstanding Enterprises Parade 2014" was organized by "Economic Digest," an authoritative commercial magazine. Established in 1981, "Economic Digest" has accrued a history of more than 30 years, becoming one of the most representative and authoritative financial journals in Hong Kong. Since 2004, it has organized the Hong Kong Outstanding Enterprises Parade each year, and it has become an eagerly anticipated event in the financial sector. This year is the eleventh parade. It is designed to select a Hong Kong listed company with outstanding performance from more than a thousand listed companies, based on six standards: corporate philosophy and vision, annual performance, corporate governance, popularity with shareholders, technological research and development, and sustainable development.

No sooner had Times Property listed in the first year than it was chosen for the "Hong Kong Outstanding Enterprises" honor, conclusively proving the strength of the company’s operation and management won the recognition and affirmation of investors, which was an immense encouragement for the company. In the future, Times Property will increase land reserves at a competitive cost and in areas with high potential for growth. Additionally, it will enhance the residential positioning of "life stylist" and help more people to achieve the life to which they can look forward.

Gratifying performance in the previous nine months; four new commercial properties on sale in the fourth quarter

Times Property (stock code: 1233.HK) went public in the Hong Kong Stock Exchange on December 11, 2013. Founded 15 years ago, Times Property has dedicated itself to developing residential projects and targeting customers who want to buy their first house or improve their house for the first time. As of the present, it has developed real estate projects in six cities--Guangzhou, Foshan, Zhongshan, Zhuhai, Qingyuan and Changsha--thus creating a sound reputation and good sales performance in the local areas.

Mr. Shum Chiu Hung, the chairman and CEO of Times Property, expressed in the conference on 2014 interim performance that the sales goal for 2014 was RMB 15 billion. "The year 2014 is the first since Times Property was listed. It was a terribly challenging year, but we have faith in presenting satisfactory results to investors." He said Times Property would stick to two points: "One is the strategy of high turnover and absorption rate, and the other is to grasp the changes in the market and make reasonable pricing despite the volatility of the 2014 market."

As of September 30, 2014, within nine months, Times Property achieved gratifying performance. The company and its subsidiaries obtained contract sales totaling approximately RMB 9.81 billion with a contracted floor area of roughly 901,000 square meters, for year-on-year increases of 73% and 43% respectively, thereby achieving 65.4% of the annual performance target of RMB 15 billion.

It is reported that Times Property will launch four more projects in the fourth quarter, including Times Cloud Atlas (Guangzhou), Times Huacheng (Qingyuan), Times Xianghaibi’an (Zhuhai)  and Times King City (Shunde), all of which have small- and medium-sized house types. These new commercial properties will be on sale from November, and overall the number of houses promoted in the fourth quarter will increase so as to satisfy the current high demand for house purchasing. Times Property takes an optimistic attitude toward the sales prospects for the above projects, thanks to the complete lifting of property-purchasing limitations in Foshan and Zhuhai, the new policies issued by the PBOC on September 30 and other favorable developments.